Hi pippet, that is absolutely (and quite obviously) not what i...

Hi pippet, that is absolutely (and quite obviously) not what i was implying/wishing.....however, I'm sure you know that  . The reason given for the last CR was that they realised at the 11th hour funds on hand wouldn't cover the fraccing phase and hence the need for an immediate placement. It had been previously highlighted in response to the ASX query that we were in good shape and had a variety of options should we require funding.......so not many saw it coming, myself included. More recently, if you're one who is inclined to the read the financial statements released by the company, you would have ascertained from it that we were in a decent position now to get through the current quarter without even thinking about raising funds ie. estimated expenditure vs cash on hand. Yet, here we are requiring another "quick fix". 

BTW 10.5c is not "close to 12c"......not even close sorry. Add in the 1/3 option which represents another 1 - 1.5c in value and we've eaten into your "50% increase" quite a bit wouldn't you say?